Common Components Help

AEF Help

Adding an Exchange Rate

To define the currencies that users can convert to and the exchange rates to use for specific time periods, perform the following steps for each pair of currencies that you want to convert. If you create a new exchange rate for the same currency and effective date as an existing exchange rate (but with a different exchange rate), the system uses the newest exchange rate.

To add an exchange rate for a company

1. Click Tools > Administration > View My Company. (This link is only available for people designated as a Buyer Administrator or Supplier Representative.)
2. From the category list for the company, click Currency Exchange Rates.
3. From the Currency Exchange Rates page, click Add New Exchange Rate. from the page Actions menu.
4. Choose the currency you want to convert from using the From Currency list.
5. Choose the currency you want to convert to using the To Currency list.
6. Enter the Rate for the exchange.
7. Enter the Effective Date for the rate by clicking the Calendar icon. The selected date is always assumed to be 12:00 am unless the date is appended with a different time.
8. Click Done.

The new exchange rate is added to the company's Currency Exchange Rate page.